NEW YORK | 200 Greenwich - 2 WTC | 1,270 FT | 80 FLOORS | ON HOLD

[skcr]

[mrnyc]

Originally Posted by worldtrade2021

Also apparently Marty Burger is no longer at Silverstein Properties



Marty Burger looks to be focusing on office to residential conversion, which could indirectly reduce competition of existing office spaces.

https://therealdeal.com/new-york/202...ein-departure/

Hence for any news regarding Two WTC, it might come not from Larry Silverstein nor Marty Burger, but from Larry's daughter Lisa.

https://www.silversteinproperties.co...Executive-Team

residential conversion is not going to affect office space competition at all. conversions aren’t focused on the new class A office space.

anyway, i dk what burger leaving means for silverstein, but its good news to have someone with that experienced background jump in on the office residential conversions game. we need more of that.

[The_Dutchman]

Had hoped for some confirmation about anchor tenant(s) but I guess 2024 will be another year without 2WTC coming of the ground.

[Zapatan]

I love that model with the boxy designs!

Originally Posted by The_Dutchman

Had hoped for some confirmation about anchor tenant(s) but I guess 2024 will be another year without 2WTC coming of the ground.

It was rumored 5WTC gets off the ground this year but I don't know if even that's happening.

At this point I'm not holding my breath for either building.

I'm happy with all of the development in NYC but this site is just an embarrassment.

I'd expect much more from the world's superpower. Plenty of money lying around to go ahead and build it too.

[HyperPower]

Originally Posted by Zapatan

I'm happy with all of the development in NYC but this site is just an embarrassment.

Lets not point any fingers... :babyeat:

[UrbanImpact]

Originally Posted by HyperPower

Lets not point any fingers... :babyeat:

You need a large tenant to construct a massive supertall commercial building like this unless you're willing to lose a lot of your own money. Banks won't give you a construction loan without tenants and Larry Silverstein is not going to put up all his money for him to lose it.

I'm sure Silverstein Properties' brokers are out negotiating as we speak for tenants. They're also competing with Midtown's developments.

[Zapatan]

Originally Posted by UrbanImpact

You need a large tenant to construct a massive supertall commercial building like this unless you're willing to lose a lot of your own money. Banks won't give you a construction loan without tenants and Larry Silverstein is not going to put up all his money for him to lose it.

I'm sure Silverstein Properties' brokers are out negotiating as we speak for tenants. They're also competing with Midtown's developments.

This is a sacred site, the US government could finance it easily.

A single Aircraft Carrier can cost more than this entire complex for the record.

[BanBrokenChatBots]

Originally Posted by UrbanImpact

You need a large tenant to construct a massive supertall commercial building like this unless you're willing to lose a lot of your own money. Banks won't give you a construction loan without tenants and Larry Silverstein is not going to put up all his money for him to lose it.

I'm sure Silverstein Properties' brokers are out negotiating as we speak for tenants. They're also competing with Midtown's developments.

AMEX' lease is running out next door within the WFC (Brookfield Place)... been rumblings about the original Fosters diamond tower which has larger floor plates for a fintech company.

https://therealdeal.com/new-york/202...ers-sale-move/

“Silverstein must be drooling,” an industry insider said of Larry Silverstein, who needs a large commitment from a tenant to get his 2 World Trade Center back on track. “It would be the best site for Amex because the employees are already used to the area.”

[UrbanImpact]

Originally Posted by Zapatan

This is a sacred site, the US government could finance it easily.

A single Aircraft Carrier can cost more than this entire complex for the record.

U.A.E., Saudi Arabia, and China fund commercial buildings and they have all been money pit unsuccessful flops (i.e. Burj Kalifa and Shanghai Tower) despite how much you and I may love these beautiful buildings. Not only would us tax payers have to fund construction, but, we would also have to fund maintenance for the empty tower. I'd rather have my student loans forgiven and there is no way congress would approve a socialistic scheme like this.

[UrbanImpact]

Originally Posted by BanBrokenChatBots

AMEX' lease is running out next door within the WFC (Brookfield Place)... been rumblings about the original Fosters diamond tower which has larger floor plates for a fintech company.

https://therealdeal.com/new-york/202...ers-sale-move/

That would be awesome! I was lucky enough to meet the previous CEO Ken Chenault in the penthouse of their current headquarters at the WFC years ago...it was a dream being there!

[DCReid]

Let's hope AMEX stays downtown rather than migrating to the midtown or somewhere else...not sure what downtown needs to become competitive again, but all of the planned residential conversions should help.

[TonyL]

Originally Posted by Zapatan

This is a sacred site, the US government could finance it easily.

A single Aircraft Carrier can cost more than this entire complex for the record.

From design through being commissioned a US super carrier cost 15 billion.

[NYguy]

https://www.bloomberg.com/news/artic...ry-silverstein

By Natalie Wong and Nacha Cattan
August 13, 2024

Final Piece

Silverstein still remains focused on the massive redevelopment of the World Trade Center area, where his company developed the 3, 4 and 7 World Trade Center skyscrapers that count tenants including Moody’s Corp., Uber Technologies Inc. and Spotify Technology SA.

The fate of the final office building in Silverstein’s master plan, a tower at 2 World Trade Center, is still unknown. Currently, the site is a plot that houses mechanical equipment and a beer garden.

Silverstein has been in talks with American Express Co. to relocate their headquarters from nearby, according to people familiar with the matter who asked not to be named citing private matters.

Silverstein declined to name any potential tenants, but said a deal could happen for the tower in the “very near future.”

A spokesperson for American Express said the company regularly evaluates its global real estate strategy and that it’s committed to staying in Manhattan.

“We are conducting a thorough assessment of our corporate headquarters located at 200 Vesey Street, including the potential to refurbish our current space or relocate to another facility in Manhattan,” the spokesperson said. “This is a multi-year process and no decisions have been made at this time.”

Silverstein added that the rest of his World Trade Center offices are 97% occupied.

[NYguy]

From the article, they’re still using this rendering…

[Xing Lin]

Interesting to see a larger version of that rendering! A while ago I had found an official rendering of yet another design variation from the same angle:

Source: https://tmrw.inc/commercial/
The two compared:

[Crawford]

AMEX would be a great anchor tenant. I have a buddy who works at current AMEX World HQ at Brookfield Place. Wonder if he's heard any internal chatter.

[NYguy]

One thing I notice from the larger rendering and the other rendering, though it's probably just the graphics, some type of overhang above the setbacks. Could just be an error in the renderings though.

Silverstein has been in talks with American Express Co. to relocate their headquarters from nearby, according to people familiar with the matter who asked not to be named citing private matters.

A spokesperson for American Express said the company regularly evaluates its global real estate strategy and that it’s committed to staying in Manhattan.

“We are conducting a thorough assessment of our corporate headquarters located at 200 Vesey Street, including the potential to refurbish our current space or relocate to another facility in Manhattan,” the spokesperson said. “This is a multi-year process and no decisions have been made at this time.”

These things don't happen in the timeframe we would like. Often, whenever a deal is announced, it will take months after to finalize. I think it's just as important that AMEX stays Downtown, as much as I would like to see this rise immediately. We shall see.

[ChiND]

I had assumed that AmEx was dead. It’s nice to hear that it’s not. That being said, this tower should diminish the office space to 1.5m sf at most and dramatically increase the residential and hotel space if that’s permitted.

[SamLYNY]

Originally Posted by NYguy

One thing I notice from the larger rendering and the other rendering, though it's probably just the graphics, some type of overhang above the setbacks. Could just be an error in the renderings though.

Nice spot, it looks like they might've extended them between this variation and the older one too? Like you said it could also just be rendering 'errors'.

[Zapatan]

Originally Posted by ChiND

I had assumed that AmEx was dead. It’s nice to hear that it’s not. That being said, this tower should diminish the office space to 1.5m sf at most and dramatically increase the residential and hotel space if that’s permitted.

Yea good news, not great news though as nothing is final and they're going to face huge competition from Midtown.



Not sure if this rendering has been posted but this is from Wikipedia's main page:

I'm a fan of this design